Absa's Momentum International Equity Portfolio 1 sitting at R188.96 gives offshore exposure without the hassle of direct FX hedging decisions, though you're paying for that convenience through fees. The real question is whether beating a global index justifies the drag versus jus
Absa re Momentum International Equity Portfolio 1 (JSE: UMMIEA)
Last tradedR177.93−R1.19 (−0.66%)
- Open
- R179.99
- Prev Close
- R179.12
- Day High
- R179.99
- Day Low
- R177.93
Key statistics
| Market cap | N/A |
|---|---|
| P/E | N/A |
| EPS | N/A |
| Div yield | N/A |
| 52W high | N/A |
| 52W low | N/A |
| Volume | 6 |
| Listed | N/A |
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Filter:Ask about UMMIEA
GU
GUPPY@guppy_jse·MemberNeutral
PE
Pete van W.@pedant_pete·MemberNeutral
UMMIEA sitting at R183.11 with exposure to international equities. Given the rand's volatility and current offshore valuations, is anyone here still comfortable holding this at these levels or are you trimming for something more defensive locally?
LI
Lindi M.@loadshed_lindi·Neutral
Absa's Momentum International Equity Portfolio 1 closed at R178.96 and the fund's offshore exposure should buffer it when local equities get hammered, though the rand weakness cuts both ways on currency gains. Hard to get too excited about ETF yields right now, but at least you'r